Dec 2020
Present
Senior Reconciliation Analyst
State Street
Pune, IN
State Street provide comprehensive financial services, including investment management, investment research and trading, and
investment servicing.
* Working on project where the goal was to achieve accurate NAV calculation for the organization's a good NAV is consistent with the investment objectives and aligns with the investor's risk tolerance and financial goals.
* An effective reconciliation was the way were comparing of client accounting data which is processed internally in the organization against the data reflected against custodian side can be the solution.
* My solution for comparing data of both side and doing reconciliation has processed and helped the organization to build strong relationships with the client. The process i insisted and executed are explained in below detail steps.
* First step done by me was data acquisition in which i used to collect the data received from client side and internal data retrieved from MCH/MYSS which was saved under specific shared location.
* Second step was to Roll Over the recon report which was generated by Access tool or Transaction life cycle management and once the recon report was commenced Matching of final report was done.
* Third step was break investigation where i used to identify the breaks and investigation was done where i used to reach out the respective external and internal teams for resolution and this investigation was continued while taking multiple follow up on aged breaks for timely resolution.
* Fourth and most important step was doing second level review of reconciliation and delivering the recon to the business team before it's due deadline.
* An additional step taken by me was preparing an escalation matrix which was leveraged for all breaks so that if any breaks which has more aging numbers those should be escalated for immediate resolution.
* Nevertheless, this overall task done and carried out by me including CASS Regulation has made the organization gain the trust of investors by maintaining their relationship with our clients.
The purpose behind for taking out this solution for my organization problem was
as an effective reconciliation will give and accurate calculation of NAV (Net Asset Value).
* An effective reconciliation was the way were comparing of client accounting data which is processed internally in the organization against the data reflected against custodian side can be the solution.
* My solution for comparing data of both side and doing reconciliation has processed and helped the organization to build strong relationships with the client. The process i insisted and executed are explained in below detail steps.
* First step done by me was data acquisition in which i used to collect the data received from client side and internal data retrieved from MCH/MYSS which was saved under specific shared location.
* Second step was to Roll Over the recon report which was generated by Access tool or Transaction life cycle management and once the recon report was commenced Matching of final report was done.
* Third step was break investigation where i used to identify the breaks and investigation was done where i used to reach out the respective external and internal teams for resolution and this investigation was continued while taking multiple follow up on aged breaks for timely resolution.
* Fourth and most important step was doing second level review of reconciliation and delivering the recon to the business team before it's due deadline.
* An additional step taken by me was preparing an escalation matrix which was leveraged for all breaks so that if any breaks which has more aging numbers those should be escalated for immediate resolution.
* Nevertheless, this overall task done and carried out by me including CASS Regulation has made the organization gain the trust of investors by maintaining their relationship with our clients.
The purpose behind for taking out this solution for my organization problem was
as an effective reconciliation will give and accurate calculation of NAV (Net Asset Value).
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